Axar.az
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23 July 2018


Trump asks Boeing to 'price out' F/A-18

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President-elect Donald Trump said in a statement on Thursday evening he has asked the airplane manufacturer Boeing to list a price for the F/A-18 Super Hornet combat aircraft due to high cost of Lockheed Martin’s F-35 fifth generation multirole jets.

Axar.az reports citing to CNBC.

The news comes after Trump met with the chief executives of two of the biggest US defense contractors, Boeing and Lockheed Martin, to discuss cost overruns for the F-35 fighter jet. "Based on the tremendous cost and cost overruns of the Lockheed Martin F-35, I have asked Boeing to price-out a comparable F-18 Super Hornet!" Trump stated in the message via Twitter on Thursday.

Lockheed Martin shares fell 1.7 percent after the Trump tweets about the F-35 and F-18 programs as Boeing shares climbed 0.6 percent.

After Trump's statements, Boeing endorsed president-elect's aspirations in a Twitter post. "Ready to work with Donald Trump's administration to affordably meet US military requirements," Boeing tweeted late on Thursday.

Boeing’s major rival Lockheed Martin is under pressure for cost overruns on the F-35 multirole jet program, which Trump is threatening to scale back amid cost estimates of nearly $1.5 trillion over the program’s lifetime.

Date
2016.12.23 / 09:12
Author
Axar.az
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